Tackifier Market

Tackifier Market Overview for 2024 to 2034

The value of the tackifier market is estimated to be USD 4.3 billion in 2024. In 2023, the market value was USD 4.0 billion. The market is expected to grow at a CAGR of 5.5% over the forecast period from 2024 to 2034. By 2034, the market valuation is predicted to reach USD 7.3 billion.

Tackifier Market Analysis and Insights

• Tackifiers are integral parts of adhesives. Thus, the growing demand for adhesives is instrumental to the growth of the tackifier market. With the rise of various industries requiring adhesives, the tackifier market is growing.
• The sticky nature of the product makes tackifiers important for adhesives used in the construction industry. Thus, the rise of the construction industry is conducive to the growth of the tackifier market.
• As the construction industry is growing, the needs for building construction are getting diverse. There is a greater need for adhesives that are pressure-sensitive and water-borne. Adhesives use tackifiers to meet the varying needs of the construction industry.
• Several industries, such as automobile, packaging, and printing, use tackifiers, ensuring the diversity of the market for the chemical compound.
• While tackifiers make up a major part of adhesives worldwide, tackifier-free adhesive options have also emerged. Thus, there is a constraint placed on the growth of the market.

Attributes	Details
Tackifier Market Size in 2024	USD 4.3 billion
Projected Market Value by 2034	USD 7.3 billion
Value-based CAGR from 2024 to 2034	5.5%

Historical Performance of the Tackifier Market

The tackifier market was valued at USD 3.0 billion in 2019. The market progressed at a CAGR of 7.5% during the historical period from 2019 to 2023.

The growing needs of the construction industry were met by the rising supply of adhesives, boosting the tackifier market. Increased use of tackifiers in packaging and the rise of the packaging industry also benefited the market during the historical period. In 2023, the market value reached USD 4.0 billion.

Market Value (2019)	USD 3.0 billion
Historical CAGR (2018 to 2022)	7.5%
Historical Market Valuation (2022)	USD 4.0 billion

Long-term Analysis of the Tackifier Market

The tackifier market is marked to be worth USD 4.3 billion in 2024. The market is projected to grow at a CAGR of 5.5% over the forecast period.

Over the forecast period, the use of adhesives, and in turn tackifiers, is expected to continue growing strong. To satisfy the differing needs of the ever-evolving construction industry, the demand for adhesives is increasing, propelling the market’s growth. In addition to the construction industry, tackifier-infused adhesives are also used in several industries, such as pharmaceutical and agriculture. Thus, there are growth prospects for tackifiers over the forecast period.

However, the progress of the market over the forecast period is predicted to be more restrained than the historical period. The growing adoption of tackifier-free adhesives is a major factor restraining market growth. By 2034, the market for tackifiers is expected to reach a valuation of USD 7.3 billion.

Trends in the Tackifier Market

• Apart from economically-developed nations, the construction industry is also growing in under-explored areas. The wide penetration of the construction industry is helping the tackifier market to have a wide appeal, too.
• Tackifiers’ status as a resin-based substance provides a negative outlook to the product in certain quarters. As a result, tackifiers are also subject to stringent rules from various regulatory bodies.
• To get around sustainability issues surrounding the product, manufacturers are producing bio-based tackifiers. Thus, there is increased production of tackifiers that are based on pine and poly (β-pinene), among other sustainable materials.
• The use of tackifiers in the agricultural sector is growing. The use of tackifiers has been linked with the stoppage of soil erosion. Tackifiers help to keep mulch rooted to the ground, helping the agriculture sector to face the effects of rain and wind.
• There has been a growing demand for hot-melt adhesives from various industries. Tackifiers are majorly used in hot melt adhesives and thus, the market is benefiting from the increasing preference shown toward adhesives.
• Tackifier production can often be at the mercy of the price of raw materials. The fluctuating nature of the raw materials required for tackifiers has the potential to hinder the market.
• Adhesives and tackifiers are an integral part of bookbinding. Thus, the rising sales of printed books positively impact the tackifier industry.

Category-wise Outlook

The tackifier market can be segregated into two segments: product and feedstock. By looking at the segments, the product higher in demand among tackifiers can be known.

Popularity of Hot Melt Adhesives Ensures Demand for Hydrocarbon Resins

Attributes	Details
Top Product	Hydrocarbon Resins
CAGR (2024 to 2034)	5.2%

Tackifiers in the form of hydrocarbon resins are projected to show progress in the market. From 2024 to 2034, the CAGR for hydrocarbon resins is pegged at 5.2%.

Hydrocarbon resins have wide application in a number of industries, from bookbinding to vehicles. However, it is the use of the product as a tackifier in hot-melt adhesives that is prominent. As hot-melt adhesives grow in demand, the market for hydrocarbon resins is getting propelled.

Rising Demand for Synthetic Tackifiers for Feedstock

Attributes	Details
Top Feedstock	Synthetic Tackifiers
CAGR (2024 to 2034)	5.0%

Synthetic tackifiers lead the market by feedstock. Over the forecast period, synthetic tackifiers are expected to register a CAGR of 5.0%.

Synthetic tackifiers are considered the go-to feedstock product in the market. The product has earned the trust of end-users, and thus, there is continued demand for synthetic tackifiers. However, biobased/natural tackifiers are also growing in popularity. As sustainability concerns grow, biobased tackifiers have the potential to drive the market.

Country-Wise Analysis

Asia Pacific is marked to have significant potential for market growth. The growing economies in the region are paving the way for the rise of the construction industry. Other industries that involve prominent use of tackifiers like automobile and packaging, are marked for progress in the region. Thus, the Asia Pacific tackifier market is rife with opportunities.

Europe is another significant region in the market. The proliferation of technology in the region, as well as the commitment to sustainability, is helping the market to grow in Europe.

Countries	CAGR
United States	5.8%
United Kingdom	6.6%
China	7.0%
South Korea	7.2%
Japan	6.7%

Rapidly Rising Construction Industry in South Korea Drives Tackifier Market

South Korea is one of the most promising countries in the market for tackifiers. From 2024 to 2034, the CAGR for the market in South Korea is predicted to be 7.2%.

The construction industry is experiencing landmark developments in South Korea. The industrial value of construction contracts is also increasing, as put forward by the Korean Statistical Information Service (KOSIS). Thus, the use of tackifiers is expected to continue growing in South Korea.

Chinese Companies Exporting Tackifiers in Huge Quantities

China is not far behind South Korea when it comes to progress predicted for the market. For the forecast period, the CAGR for the market in China is predicted to be 7.0%.

In addition to rising usage, Chinese producers are also exporting tackifiers. Guangdong Komo Co. Ltd. is one example of a company that is engaged in exporting natural biobased tackifiers. Thus, the market is expected to rise in China.

Robust Automobile Industry in Japan Fuels Demand for Tackifiers

Japan is another Asian country marked with potential for market growth. The market is expected to register a strong CAGR of 6.7% over the forecast period.

Japan is one of the premium destinations for automobiles. Both domestic consumption and export of vehicles take place in Japan through companies like Nissan and Toyota. Thus, tackifiers are increasing in demand in Japan.

Online Sales Channels Giving New Dimension to Market in the United Kingdom

The United Kingdom is one of the fastest-rising countries in the European market. The CAGR for the United Kingdom market is anticipated to be 6.6% over the forecast period.

Suppliers of tackifiers are taking the online route for market expansion in the United Kingdom. Besides traditional industrial end-users, suppliers are also targeting consumers by expounding on the sticky benefits of the product. Thus, there is an increased scope for the market in the United Kingdom.

Growing Imports of Tackifiers in the United States

While local companies are largely engaged in producing tackifiers in the United States, there is notable import of products in the country. Tackifiers are imported from countries like Japan and China in the United States. The market is expected to register a commendable CAGR of 5.8% over the forecast period.

Competitive Landscape in the Tackifier Market

Several companies have established a stronghold in the tackifier market. However, there is still scope for new entrants as well as players on a smaller scale to thrive in the market.

As the industries that employ tackifiers through various forms seek out new locations, there is also a drive to expand the market geographically. Key players are also looking to reduce costs in manufacturing to further increase growth prospects in the tackifier market.

Recent Developments in the Tackifier Market

• In May 2021, SI Group announced an ambitious plan for its plant in Lote, India. The company increased the capacity of its tackifier plant by 75%.
• In April 2020, the Regalite R1125 hydrocarbon resin was launched. It is a resin that is useful as a tackifier for hot-melt adhesives.
• In April 2020, Kraton Corporation launched the SYLVALITE line of products. The line includes tackifiers that are biobased and made by using the REvolution rosin ester technology.

Key Companies in the Tackifier Market

• Henkel AG & Co. KGa
• ZEON CORPORATION
• Eastman Chemical Company
• Arkema
• Kolon Industries, Inc.
• H.B. Fuller Company
• BASF SE
• Exxon Mobil Corporation
• SI Group, Inc.
• KRATON CORPORATION
• Cray Valley
• Arakawa Chemical Industries, Ltd.
• YASUHARA CHEMICAL CO., LTD.
• Lawter
• Harima Chemicals Group, Inc
• Lesco Chemical Limited
• TECKREZ, INC.
• Henan Anglxxon Chemical Co., Ltd.
• Robert Kraemer GmbH & Co. KG

Key Segments in the Tackifier Market

By Product:

• Hydrocarbon Resins
• Rosin Resins
• Terpene Resins

By Feedstock:

• Synthetic Tackifiers
• Natural/Biobased Tackifiers

By Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East and Africa (MEA)

Frequently Asked Questions

What is the Tackifier Market Size?

The tackifier market size is estimated to be USD 4.3 billion in 2024.

How Big Will the Tackifier Market Be by 2034?

The tackifier market is projected to reach USD 7.3 billion by 2034.

How will the Tackifier Market Progress in the United States?

The CAGR for the market in the United States is estimated to be 5.8% from 2024 to 2034.

What are Examples of Tackifiers?

Hydrocarbon resins, rosin resins, and terpene resins are examples of tackifiers.

What is the Scope of the Tackifier Market?

The tackifier market is expected to grow at a CAGR of 5.5% over the forecast period.